IPO Details
Bidding Dates
06 Mar '23 - 10 Mar '23
Minimum Investment
₹120,000 / 1 Lots ( 3000 Shares )
Price Range
₹40
Maximum Investment
₹120,000 / 1 Lots ( 3000 Shares )
Retail Discount
To be announced
Issue Size
₹6.84 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Mar 6, 2023
IPO Close Date
Mar 10, 2023
IPO Allotment Date
Mar 15, 2023
Initiation Of Refunds
Mar 16, 2023
Credit Of Shares To Demat Account
Mar 17, 2023
IPO Listing Date
Mar 20, 2023
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Mar 6, 2023 |
16.23 | 32.71 | 24.47 |
Day 2Mar 8, 2023 |
33.03 | 115.87 | 74.45 |
Day 3Mar 9, 2023 |
72.04 | 241.77 | 157.91 |
Day 4Mar 10, 2023 |
307.09 | 453.41 | 384.64 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 307.09 |
| Retail Investors | 453.41 |
| Total | 384.64 |
About Company
The company offers a product suite of eighty products, including a range of construction materials and construction chemicals in powder and liquid forms. They are into manufacturing, marketing, and selling high-quality construction chemicals and building finish materials in the Indian and overseas markets.
They have two manufacturing units in Valsad and Navsari, Gujarat. The Valsad unit primarily manufactures admixtures, wall putty, tile adhesives, concrete repair systems and waterproofing systems with an installed capacity of 2,500 MPTA.
MCON Rasayan India Ltd. IPO Objective
The IPO fund is primarily required to meet working capital requirements and general corporate purposes.
Why should you invest in MCON Rasayan India Ltd. IPO?
Here are your top reasons to consider investing in the IPO:
- They offer a comprehensive product portfolio in building construction materials.
- With a steep rise in construction activities and higher import charges for construction chemicals, there are new opportunities for domestic construction chemical companies.
- Allowing 100% FDI in the infrastructure sector will boost the growth of construction chemical companies.
MCON Rasayan India Company Financials
| Parameters | Year ending on As on 31st March, 2022 (₹ lakhs) | Year ending on As on 31st March, 2021 (₹ lakhs) | Year ending on As on 31st March, 2020 (₹ lakhs) |
|---|---|---|---|
| Revenue from operation | 1,921.65 | 897.77 | 896.62 |
| Profit After Tax | 44.40 | 18.68 | 3.61 |
| EBITDA | 128.04 | 91.38 | 65.41 |
| EBITDA Margin | 6.66% | 10.18% | 7.30% |
| EPS (Basic) | 2.96 | 1.25 | 0.32 |
| Current Asset | 1,177.52 | 685.91 | 634.47 |
| Current Liabilities | 463.79 | 293.31 | 333.93 |
Know before investing
Strengths
3-
An increase in construction and infrastructure development activities will boost the sector.
-
They are associated with clients like developers, civil contractors and architects for the marketing of their products.
-
They have an in-house research and development unit in Navi Mumbai, Maharashtra.
Risks
3-
They depend on third-party suppliers for raw materials, which limits their control over the quality of the products.
-
Their revenue primarily comes from the top five customers.
-
The business is subject to seasonal variances and market cycles that result in fluctuating operations.
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MCON Rasayan India IPO FAQs
MCON Rasayan India Ltd. SME will raise ₹6.84 crore through a public issue by selling 1,710,000 equity shares with a face value of ₹10.
The basis of allotment date is March 15, 2023.
One lot of MCON Rasayan India Ltd. IPO has 3000 shares.
The IPO will open on March 06, 2023.
Retail investors can apply for a minimum of one lot.
The listing date of MCON Rasayan India Limited on NSE SME is March 20, 2023.
You can check the allotment status of your IPO application from the Angel One app.
To check the IPO allotment status, enter the application number, DP ID, and PAN number into the app.
Listing gain is the difference between the IPO’s opening and offer prices. The listing gain is influenced by changing investors’ interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 3000 shares.
